"Today I will talk about the most divisive asset class of them all– gold. Even though real estate has been crushed, the general thinking still is that real estate is a good long-term investment. Bonds are still a viable investment for many people, as evidenced by falling yields. But gold? Good luck trying to convince people on that one.
"The most common arguments against gold I hear are: Isn’t gold expensive? And, gold serves no purpose (the “I can’t think for myself but I’ll believe whatever Warren Buffett says” argument).
"The easiest argument to shoot down is the one that claims gold is expensive. Gold has doubled since 1980 while the stock market has risen about 15X and somehow gold is the overvalued asset. Interesting. Heck gold hasn’t even kept up with the growth in the national debt, but again, somehow gold is overvalued. Doesn’t make sense to me, but that’s fine because it is nearing the time to load up again..." Click over for the rest.